Trump Orders U.S. Companies To Find An Alternative To China

(Politico) CAITLIN OPRYSKO 08/23/2019 10:25 AM President Donald Trump on Friday used a tweet to order U.S. companies to find an alternative to doing business with China as he lashed out at Beijings latest round of retaliatory tariffs and pledged to respond to them later in the day. It was unclear exactly what Trump meant with the order or how much force it has but the tweets captured the presidents frustration as his escalating trade war with China weighs on the economy and heightens the risk of a recession during an election year. Our Country has lost stupidly Trillions of Dollars with China over many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year & they want to continue Trump wrote. I wont let that happen! We dont need China and frankly would be far better off without them. He continued The vast amounts of money made and stolen by China from the United States year after year for decades will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China including bringing your companies HOME and making your products in the USA. I will be responding to Chinas Tariffs this afternoon. This is a GREAT opportunity for the United States. China on Friday announced a fresh round of tariffs on $75 billion in U.S. goods threatening to exacerbate anxieties about a languishing global economy. The tariffs will range from 5 to 10 percent Beijing said and will go into effect in waves beginning Sept. 1 and Dec. 15. Chinas state-run news agency Xinhua quoted the countrys tariff commission Friday which said the penalties were in response to levies threatened by the U.S. on $300 billion worth of Chinese goods.